US Senate majority leader expects stablecoin vote before May 26 — Report

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Coin Telegraph 13h ago

US Senate majority leader expects stablecoin vote before May 26 — Report - Coin Telegraph

Quick Summary:

Thune did not mention any crypto or blockchain-related bills in his public comments on US President Donald Trump’s first 100 days in office.Since his Jan.20 inauguration, Trump has signed several executive orders with the potential to affect US crypto policy, including one affecting stablecoins.

Trump accused of conflicts of interest over stablecoins, crypto venturesThe president’s executive order, signed on Jan.23, established a working group to study the potential creation and maintenance of a national crypto stockpile and a regulatory framework for stablecoins.

Related: $649B stablecoin transfers linked to illicit activity in 2024: ReportThe proposed GENIUS bill could essentially restrict any entity other than a “permitted payment stablecoin issuer” from issuing a payment stablecoin in the United States.